Today we are excited to announce a major milestone for Australian exchanges. Cointree has secured significant strategic investment from Silicon-Valley-based data analytics company, Indica Labs Inc.
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Bitcoin powers to new yearly highs above 18k! At the beginning of the week we caught a 6% rise that pushed BTC over $18,000 AUD and reached a weekly high of $18,628.
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Is Bitcoin ready for the Bull Market? A week of consolidation ended with a ripping Bitcoin breakout toward $17,000, and at the time of writing the leading cryptocurrency sits at $16,640 AUD.
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Stairway to heaven? In a wild week for Bitcoin investors, the largest crypto by market cap ripped through the $15,000 resistance level and reached a high of $16,200 at the time of writing.
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Is Bitcoin ready to make a big move? We saw another week of low volatility where the largest crypto by market cap ranged between $14,500 & $15,000 AUD - the holding pattern is likely due to events in the US that spooked markets across the board.
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As Bitcoin can so often do, the 4% gain we saw early in the week has now fully re-traced and it now finds itself at the key $15,000 AUD level, yet again. No matter the pull-back, the market is slowly grinding higher...but that too could turn quickly.
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How far will Bitcoin fall? Bitcoin began the week looking positive with a move back up to $15,000 but it has since broken down to $14,500 AUD at the time of writing.
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We are exceited to announce we will be supporting over 30 new coins on our platform with over 9,000+ additional trading pairs. We have included the latest stablecoins and Defi tokens bringing our new supported coin total to over 130 coins.
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Was that the bottom? Bitcoin began the week getting crushed to a low of $13,500 - and since then, it has recovered over 9% at the time of writing - fighting it’s way above $14,500 AUD.
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Cryptocurrency is becoming a popular option for people looking to invest. Compared to traditional money, you can’t carry cryptocurrencies, such as Bitcoin on your person so you need to know how to secure your digital money.
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